Consolidated Lithium Metals (CVE:CLM) Trading Up 23.1% – Should You Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares traded up 23.1% during mid-day trading on Monday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,476,870 shares were traded during mid-day trading, an increase of 178% from the average session volume of 531,273 shares. The stock had previously closed at C$0.07.

Consolidated Lithium Metals Stock Up 23.1%

The stock has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.04. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The stock has a market capitalization of C$36.45 million, a price-to-earnings ratio of -40.00 and a beta of 0.28.

Consolidated Lithium Metals Company Profile

Consolidated Lithium Metals Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for lithium, molybdenum, tantalum, and diamond deposits. The company holds interests in the Vallée lithium project located in the La Corne and Fiedmont townships; the Preissac La Corne Lithium portfolio located in the La Motte, La Corne, Figuery, and Landrienne townships; and the Baillargé Lithium-Molybdenite project located in Quebec. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.